Trend - not for home devices, mostly for portable crap speakers. this is intend to be a home device. Home devices are mostly if not exclusively stereo.
Second paragraph is not technical enough for any meaningful discussion sorry...
And it's not irrelevant. There's a limit to what DSP can do, and if two signals (in L/R) cancel each other out you either have to omit information on one channel (which brings a whole nother bag of issues) or you have to sum both channels so they can both come out from one speaker (it has only one mid/woofer).
So mono compatibility indeed is an issue and very relevant.
Sonos has, and will continue to have, a much larger market share than Apple, and I'd imagine that the majority of them are not set up in a stereo configuration. The new high-end Google smart speaker is a mono device by default. Neither the Google Home Max nor Sonos are portable devices. And then there's Bose, B&W, naim, etc, all of whom have popular single-enclosure bluetooth audio solutions. Apple is not responsible for this trend. As many others have pointed out, Amazon and Google are much more responsible for shaping the form of the current smart speaker, which is an assistant and driver array in a single enclosure. Apple is following the established pattern of a single device, although with a much different implementation of sound creation. But the popularity of a single bluetooth speaker, sometimes in devices much higher-end than the HomePod, is very firmly established.
As for how it's doing signal processing, sadly that is a big question mark right now. Early reviews seem to indicate, though, that a single HomePod is capable of producing a nice soundstage and separation. If the released product lives up to those expectations (just over a week to find out, yay), I imagine it would have to be inspecting the left and right channels at least semi-independently in order to place the vocals and instruments in space. If that turns out to be the case, then traditional mono mixing doesn't really apply in this case. But I'm very willing to admit that this is a big black box, no one outside of Apple knows exactly what processing it's doing, and we'll have to wait to hear it to try to begin sussing out how it may be working.